S. Korea logs record current account surplus in July on strong exports

South Korea posted its largest current account surplus for the month of July driven by exports.

According to the Bank of Korea on this Thursday the country's current account surplus reached 10-point-7-8 billion US dollars in July extending its streak of surpluses for the 27th month in row.

The goods account logged a 10-point-2-7 billion dollar surplus for the month as exports rose 2-point-3 percent on year.

This was mainly driven by semiconductor shipments overseas which surged over 30 percent on year while those of automobiles also jumped over 6 percent.